Course Facilitator

An enthusiastic, competent, self-motivated and hardworking Business Graduate and Chartered Accountant holding 25 years of sound professional exposure with proficiency in multiple aspects of business governance, educational leadership, financial advisory, and corporate training.He is able to use own initiatives and to deliver quality as team leader. He possesses strong interpersonal and communication skills to managing and motivating operational teams, managers, service users, and delivery partners to achieve set objectives.

He is a motivational speaker and has delivered numerous lectures on soft skills and life skills. As acorporate trainer he enjoys expertise in the area of Accounting and Finance. His competencies as a professional trainer are proven nationally and internationally

Training Introduction
  • This training course provides an essential refresher of international financial reporting standards, covering the main requirements of the standards and providing practical examples and illustrations throughout to demonstrate key treatments required by the standards.
  • The course will refresh the knowledge of experienced preparers and users of financial statements with latest developments that have occurred during the past 12 months, as well as other recently-effective and impending pronouncements of IASB.
Training Objective
  • By attending this course the participants will refresh their knowledge of accounting and reporting requirements according to the current IFRS.

Course Outline

Difference between IAS and IFRS

IASB Conceptual Framework

Property, Plant and Equipment

  • Definition
  • Recognition
  • Measurement at Recognition
  • Cost Components
  • Measurement after Recognition
  • Exchange of Assets
  • Subsequent Cost
  • Depreciation
  • Depreciation Methods
  • Revaluation Model
  • Derecognition of PPE

Impairment of Assets

  • Definition
  • Indications of Impairment
  • Value in Use – Future Cash Flows
  • and Discount Rate
  • Recognition
  • Cash Generating Unit
  • Allocation Criteria

Inventories

  • Measurement
  • Cost components – Cost of Purchase & Cost of
  • Conversion & Other Costs
  • Techniques for measurement of Cost
  • Cost Formulas – Interchangeable & Specific
  • Identification Inventory
  • Net Realizable Value

Revenue from Contracts with Customers

  • Scope
  • Core principle – Five Step Model
  • Cost to fulfill a contract


Income Taxes

  • Recognition
  • Current Tax Measurement
  • Temporary Difference and Tax Base
  • Deferred Tax - Measurement and

Provisions, Contingent Liabilities and Contingent Assets

  • Restructuring
  • Definitions
  • Recognition and Measurement
  • Provisions
  • Contingent liabilities
  • Contingent assets
  • Onerous contracts

Statement of Cash Flows

  • Points to consider
  • Components (Operating – Direct/Indirect,
  • Investing, Financing)
  • Cash and Cash Equivalent

Fair Value Measurement

  • Fair value hierarchy
  • Definition and Scope
  • Measurement
  • Non-financial assets
  • Liabilities and Entities own equity instruments
  • Financial assets and Financial liabilities

Financial Instruments

  • Recognition and Derecognition
  • Classification
  • Measurement

Leases

  • Definitions and Scope
  • Initial Recognition and Measurement
  • Subsequent Measurement and Presentation

Two DayWorkshop

Early Bird Discount till November 22, 2019

Rs.30,000/- per paticipant
Early Bird Discount is subject to advance payment) (Excluding WHT & PST for Lahore)

Final Fee

Rs.34,900/- per paticipant

Including Lunch & Refreshment, Certificate Course Material & Group Photo

For further informations please contact us at

Leena Lobo: +92 (300) 0645014,

Muhammad S. Zubair: +92 (321) 2048783

Office: +92- (021) 34320226 , 34320283

support@businesspartnerz.com

leena.lobo@businesspartnerz.com

m.zubair@businesspartnerz.com

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